Common use of Customer Restriction Clause in Contracts

Customer Restriction. Each of Seller and ▇▇▇▇▇▇▇ covenants and -------------------- agrees that it or he shall not, for a period of five years from and after the Closing Date, working alone or in conjunction with one or more other persons or entities, for compensation or not, (i) provide or offer to provide to any Customer (as such term is hereinafter defined) any product or service similar to that offered by Seller immediately prior to the Closing Date, or (ii) induce or attempt to induce any Customer to withdraw, curtail or cancel its business with Buyer or any of its subsidiaries or affiliates or in any manner modify or fail to enter into any actual or potential business relationship with Buyer or any of its subsidiaries or affiliates. As used in this Section 6.1, the term "Customer" means (i) any -------- person or entity for whom Seller provided any service on or prior to the Closing Date or to whom Seller provided any product on or prior to the Closing Date; or (ii) any person or entity for whom Buyer or any of its subsidiaries or affiliates provided or provides services relating to the electrical products business after the Closing Date or to whom Buyer or any of its subsidiaries or affiliates provided or provides a product relating to the electrical products business after the Closing Date.

Appears in 1 contract

Sources: Asset Purchase Agreement (Azz Inc)

Customer Restriction. Each of Seller and ▇▇▇▇▇▇▇ the Sole Shareholder covenants and -------------------- agrees that it or he shall not, for a period of five years from and after the Closing Date, directly or indirectly, working alone or in conjunction with one or more other persons or entities, for compensation or not, (i) provide or offer to provide to any Customer (as such term is hereinafter defined) any product or service similar to that offered by Seller the Business immediately prior to the Closing Date, or (ii) induce or attempt to induce any Customer to withdraw, curtail or cancel its business with Buyer or any of its subsidiaries or affiliates or in any manner modify or fail to enter into any actual or potential business relationship with Buyer or any of its subsidiaries or affiliates. As used in this Section 6.1, the term "Customer" means (i) any -------- person or entity for whom Seller provided any service services relating to the Business on or prior to the Closing Date or to whom Seller provided any Business related product on or prior to the Closing Date; or (ii) any person or entity for whom Buyer or any of its subsidiaries or affiliates provided or provides services relating to the electrical products business Business after the Closing Date or to whom Buyer or any of its subsidiaries or affiliates provided or provides a Business related product relating to the electrical products business after the Closing Date.

Appears in 1 contract

Sources: Asset Purchase Agreement (Azz Inc)

Customer Restriction. Each of Seller and ▇▇▇▇▇▇▇ the Shareholders covenants and -------------------- agrees that it or he shall not, for a period of five years from and after the Closing Date, directly or indirectly, working alone or in conjunction with one or more other persons or entities, for compensation or not, (i) provide or offer to provide to any Customer (as such term is hereinafter defined) any product or service similar to that offered by Seller the Business immediately prior to the Closing Date, or (ii) induce or attempt to induce any Customer to withdraw, curtail or cancel its business with Buyer or any of its subsidiaries or affiliates or in any manner modify or fail to enter into any actual or potential business relationship with Buyer or any of its subsidiaries or affiliates. As used in this Section 6.1, the term "Customer" means (i) any -------- person or entity for whom Seller provided any service services relating to the Business on or prior to the Closing Date or to whom Seller provided any Business related product on or prior to the Closing Date; or (ii) any person or entity for whom Buyer or any of its subsidiaries or affiliates provided or provides services relating to the electrical products business Business after the Closing Date or to whom Buyer or any of its subsidiaries or affiliates provided or provides a Business related product relating to the electrical products business after the Closing Date.

Appears in 1 contract

Sources: Asset Purchase Agreement (Azz Inc)